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Bitcoin's market cap just passed Citigroup's.
Yes, that Citigroup:
Founded in 1812
200 million customer accounts
4,600 branches
World's largest credit card issuer
219,000 employees
$71 billion in revenue
$1.8 trillion in total assets
Big winners in Senate tax plan: the wealthy and their heirs (exempts 1st $22M in inheritance from taxes, later all such income; ends alternative minimum tax that insures rich pay at least some tax). Corporations (tax rate cut from 35 to 20%). Cost: $1.4T
$SNAP CEO Evan Spiegel admitting his product is too hard to use. Saying on the call that they need to evolve the product to appeal to older audience and this will be a major investment in the next year.
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